Total loan: $425
Sikasso, Sikasso, Mali / Retail
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Benkadi Group's loan finished fundraising,
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A loan helped to buy soaps for resale.
Benkadi Group's story
The four members of the BENKADI group are married women who average 32 years of age and four children each. They live for the most part in monogamous families in HAMDALLAYE, a district of the city of Sikasso (third administrative region of Mali). This is their first collaboration with the microfinance institution Soro Yiriwaso to meet the needs of their customers. Mrs. Afou sells soaps. In the photo, she is the one wearing a black scarf and holding two pieces of soap. She will use her loan to purchase ten boxes of imported soaps and four boxes of locally-made soaps, which she will then sell at the Medina market in Sikasso and among her family, for cash, to a clientele composed of men and women. She expects to earn an average monthly profit of 12,000 FCFA, part of which will be used to pay the interest and the loan and the rest added to her savings.